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Micro-cap car sharing platform HyreCar prices $13 million IPO at $5, the low end of the range

June 26, 2018
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HyreCar, which provides a peer-to-peer car-sharing marketplace, raised $12.6 million by offering 2.5 million shares at $5. The company had been on file to raise $11.6 million by offering 2.1 million shares at a range of $5 to $6. At pricing, HyreCar commands a fully diluted market value of $58 million. HyreCar plans to list on the Nasdaq under the symbol HYRE. Network 1 Financial Securities acted as lead manager on the deal.